| Ticker: SAT | 23/24F, East Exchange Tower, 38-40 Leighton Road | |
| Exchange: New York Stock Exchange | Hong Kong, Foreign | |
| Industry: Service | 5228056666 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/22/96 | |
| U.S. Shares: | 5,265,000 | Offer Date: | 6/13/96 | |
| Non-U.S. Shares: | 5,265,000 | Filing Range: | $19.24 - $23.50 | |
| Primary Shares: | 0 | Offer Price: | $25.83 | |
| Secondary Shares: | 10,530,000 | Gross Spread: | $1.46 | |
| Offering Amount: | $225,026,099 | Selling: | $0.88 | |
| Expenses: | $2,650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 39,000,000 |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-1172 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-2000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Smith Barney Inc. | Co-manager | (718) 921-8473 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $42.20 | Assets: | $364.60 | ||
| Net Income: | $17.30 | Liabilities: | $316.90 | ||
| EPS: | $0.44 | Equity: | $47.70 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company, through its wholly-owned subsidiary, AsiaSat, is a leading provider of high quality satellite transponder capacity in Asia. The company currently owns and operates two satellites, AsiaSat 1 and AsiaSat 2. AsiaSat 1, Asia's first privately-owned commercial satellite covering the Asian region, was launched on April 7, 1990, and commenced commercial service in June 1990. In order to take advantage of unsatisfied demand for high quality, high power transponder capacity in Asia, AsiaSat 2, which provides increased footprint coverage over AsiaSat 1 with a substantial gain in signal power, was launched on November 28, 1995, and commenced commercial service in January 1996. Together, AsiaSat 1 and AsiaSat 2 provide coverage to more than 50 countries, with approximately 3.3 billion people, from Siberia to Australia and from japan to the Middle East. The company intends to launch a third satellite, AsiaSat 3, with similar footprint coverage to AsiaSat 2 in late 1997, and a new satellite, AsiaSat 4, in 1999, at approximately the end of AsiaSat 1's operational life, to take advantage of expected growth in satellite communications and satisfy rising demand in Asia for high quality high power transponder capacity. |
| Use of Proceeds |
| The proceeds from the offering will be distributed to selling shareholders. |
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